Darthter 542 Posted September 12, 2012 Share Posted September 12, 2012 FYI.... UEFA put financial fair play rules into force after withholding prize money from 23 clubs By SPORTSMAIL REPORTER UEFA have withheld 23 clubs' share of European prize money due to their failure to pay debts to other clubs or tax bills. The clubs include some famous names in European football including Atletico Madrid, Sporting Lisbon, Fenerbahce and Malaga, but no British sides. The sanctions follow the first elements of UEFA's financial fair play rules coming into force regarding unpaid debts, with the prize money temporarily withheld pending further investigation. Euro kings: Atletico Madrid, who beat Chelsea in this year's Super Cup, are among the 23 teams who UEFA are withholding prize money from The action was taken by the UEFA Club Financial Control Body (CFCB) investigatory chamber, chaired by former Belgian Prime Minister Jean-Luc Dehaene. UEFA said in a statement: 'The clubs participating in UEFA club competitions had to provide information regarding the status of any overdue payables as at 30 June 2012. 'The CFCB investigatory chamber has identified that important overdue payables towards other clubs, and/or towards employees or social/tax authorities existed in 23 cases.' Source: Daily Mail 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted September 12, 2012 Share Posted September 12, 2012 That's all well and good, but the hypocrisy of not withholding it from the big clubs who have just had their tax debt wiped out by their government is a joke. 0 Quote Link to post Share on other sites More sharing options...
amms 0 Posted September 12, 2012 Share Posted September 12, 2012 That's all well and good, but the hypocrisy of not withholding it from the big clubs who have just had their tax debt wiped out by their government is a joke. Who was that? 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,290 Posted September 12, 2012 Share Posted September 12, 2012 That's all well and good, but the hypocrisy of not withholding it from the big clubs who have just had their tax debt wiped out by their government is a joke. That is not exactly true, isn't it? As far as I am aware, the Spanish government, the banks and the clubs agreed on a delayed pay-back-scheme for these Euro 1.3bn (sic!) tax and players' insurance debts, delayed till 2020. "For the good of the game" ... they said ... and UEFA nodded in agreement. Or has anything changed in this respect? Atletico Madrid was said to be Euro 130m in this sort or reds, and I wonder how much money they spend and gained from player transfers this summer. 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted September 12, 2012 Share Posted September 12, 2012 Who was that? Big two in Spain the government wiped their tax debt, they also wiped out the debt for local guy in the street as well mind you. Also how can running up debt like Man Utd or the rest of the EPL be called fair it's a joke. 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted September 12, 2012 Share Posted September 12, 2012 (edited) That is not exactly true, isn't it? As far as I am aware, the Spanish government, the banks and the clubs agreed on a delayed pay-back-scheme for these Euro 1.3bn (sic!) tax and players' insurance debts, delayed till 2020. "For the good of the game" ... they said ... and UEFA nodded in agreement. Or has anything changed in this respect? Atletico Madrid was said to be Euro 130m in this sort or reds, and I wonder how much money they spend and gained from player transfers this summer. You actually believe that will ever be paid back? Spoke to a wee guy from England on holiday who runs a restaurant in Spain his back tax has been wiped out and his current tax bill is almost nothing, he said they would never come calling for it because no one could pay, not now not ever. It would kill Spain overnight he claimed. Edited September 12, 2012 by GovanAllan 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,290 Posted September 12, 2012 Share Posted September 12, 2012 You actually believe that will ever be paid back? Not for a minute. But that was what was reported before Spain entered the Euro safety screen thing. Dunno what they will do. BTW, it smacks you in the face. Not just the way the Spanish state and the authorities show utter leniency towards the clubs, but also that this can happen right under the noses of UEFA and FIFA. Imagine if these clubs' debt are written off while the country begs for European cash. Sporting integrity atomized ... and one should actually start thinking about taking UEFA to court over this if they let this happen without punishing the Spanish teams. 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted September 12, 2012 Share Posted September 12, 2012 Not for a minute. But that was what was reported before Spain entered the Euro safety screen thing. Dunno what they will do. BTW, it smacks you in the face. Not just the way the Spanish state and the authorities show utter leniency towards the clubs, but also that this can happen right under the noses of UEFA and FIFA. Imagine if these clubs' debt are written off while the country begs for European cash. Sporting integrity atomized ... and one should actually start thinking about taking UEFA to court over this if they let this happen without punishing the Spanish teams. I found it funny last year when Bayern Munich had a swipe at the rest about FFP and they where the ones lambasted in the papers about sour grapes, just shows you where the real power lies in UEFA. 0 Quote Link to post Share on other sites More sharing options...
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